LME WEBCAST – Copper sell-off gears-up as key support wiped out

  • Copper fell to just $4,800 per tonne the lowest level since July 2009.
  • Poor demand from either funds or physical players has weighed while there remains an abundance of material available should you need it.
  • Add to this negative data out of China this week and a stronger dollar and there is nothing for the market to make it change its bearish stance.
  • Aluminium was back under $1,500, while zinc is back to its softest since 2010 and nickel is in under $9,500.